A Remortgage is essentially a new loan to replace your current mortgage, often taking place at the end of a fixed rate period, in order to secure a new deal and to avoid falling on to the lender’s standard variable rate (which in most cases is a much higher rate). A remortgage can be used to raise additional funds for the following reasons should your client require this:

  • Home improvements
  • Debt consolidation
  • Gifting children monies for house deposit
  • Raising money to purchase an investment property
  • Family holiday … and much more …